3.0.0 3253 2022-02-03T05:53:17Z 2022-02-03T05:53:17Z Senate S S 2012-05-24 112 sssb00 Small Business and Entrepreneurship Committee Senate Standing Referred to 2012-05-24T22:21:55Z SUCCESS Act of 2012 112 3442 S 2012-11-29 Committee on Small Business and Entrepreneurship. Hearings held. Related bill CRS Restoring Tax and Regulatory Certainty to Small Businesses Act of 2012 112 3572 S 2012-09-19 Read twice and referred to the Committee on Finance. Related bill CRS 2012-05-24 sssb00 Small Business and Entrepreneurship Committee Senate Read twice and referred to the Committee on Small Business and Entrepreneurship. IntroReferral 2012-05-24 Sponsor introductory remarks on measure. (CR S3638-3639) IntroReferral B00100 9 Library of Congress 2012-05-24 Introduced in Senate IntroReferral 10000 9 Library of Congress L000550 Sen. Landrieu, Mary L. [D-LA] MARY LANDRIEU D LA N S000663 Sen. Snowe, Olympia J. [R-ME] Olympia Snowe R ME J. 2012-05-24 True Commerce Business investment and capital Credit and credit markets Government information and archives Inflation and prices Intergovernmental relations Licensing and registrations Rural conditions and development Small business User charges and fees Commerce 00 2012-05-24 Introduced in Senate 2012-08-06T16:34:05Z Expanding Access to Capital for Entrepreneurial Leaders Act or EXCEL Act - Amends the Small Business Investment Act of 1958 to authorize the Administrator of the Small Business Administration (SBA) to guarantee the payment of up to $4 billion per fiscal year for debentures or participating securities issued by small business investment companies (SBICs) to encourage the formation and growth of small businesses. Increases the maximum amount of outstanding leverage for two or more commonly-controlled SBICs. Authorizes annual inflationary adjustments of such limits.

Directs the Administrator to make publicly available on the SBA website specified fiscal and related information with respect to each SBIC.

Allows SBIC licensing fees to be used by the SBA for SBIC program needs other than the costs of licensing examinations.

Expresses the sense of Congress that SBICs would benefit from partnerships with community banks and other lenders, and that the Administrator should: (1) increase outreach to such banks and lenders for investment in SBICs; (2) use the Internet to publicize which SBICs are soliciting and making investments in small businesses; (3) partner with governors, mayors, states, and municipalities to increase outreach by SBICs to underserved and rural areas; and (4) revise and update the SBIC program webpage to make it more prominent and user-friendly.

]]> EXCEL Act Short Titles as Introduced EXCEL Act Short Titles as Introduced Expanding Access to Capital for Entrepreneurial Leaders Act Display Title EXCEL Act Official Title as Introduced A bill to amend the Small Business Investment Act of 1958 to enhance the Small Business Investment Company Program, and for other purposes. Introduced in Senate 2012-05-24T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s3253is/xml/BILLS-112s3253is.xml 2012-05-24 Read twice and referred to the Committee on Small Business and Entrepreneurship. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.